BEVERLY HILLS, May 22, (THEWILL) – The Lagos State Government has said it has terminated the earlier contract with investors for the construction of the proposed fourth mainland bridge projects which was estimated to gulp N844 billion.
This was disclosed on Monday by the Commissioner for Waterfront and Infrastructure Development, Engr. Adebowale Akinsanya, while addressing journalists in Alausa revealing that the state is considering various proposals from foreign investors such as United States of America, Britain, in order to accelerate commencement of the project.
Akinsanya said the government had to dump the former contractors, which includes Africa financial corporation (AFC), Visible Assets Limited and Access Bank Plc, due to continued delay in the commencement of multi billion naira project a year after signing Memorandum of Understanding, MOU for the 38 kilometre bridge and road project.
“The reason why we terminated the contract of former investors was mainly due to slow pace of work. We are now looking at many investors, though, interest is very high,” he revealed.
“We have such investors from South Korea, Europe, and America, among few others. What we are doing now is vetting the proposals we don’t want to waste any further time. So works are in top progress on the 4th Mainland Bridge.”
Also, Permanent Secretary, Ministry of Works and Infrastructure, Engr. Temidayo Erinle, who spoke on the planed airport road project said, “We are yet to get Federal Government’s approval on the Airport road project. We want to assure residents that whenever there is approval you will see engineers move to site.
“Though, we are still collaborating with FG to get things resolved. The road is not in good condition; hence, we need to move fast. Also Apapa Road, same issue as Airport Road, it’s a federal road, we are collaborating with FG on it too.
“On the proposed 188 roads, we have received over 1,000 proposals from contractors. We are currently in a vetting stage. We are studying the technical aspect because it’s very important. We are looking at the application. Not only the costs are we considering, we have to look at the background, years of experience, expertise too. We are paying more attention to technical aspect.”
